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Updated Duplex with Two-Car Garages
For Sale
$535,000

1503-1505 SW 48th Terrace, Cape Coral, FL 33914

ResidentialIncome, Cape Coral, FL

Property SizeContact for details
Lot Size0.25 Acres
Days on Market51

Property Features for 1503-1505 SW 48th Terrace

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description RML
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 5, Bathroom 1, Bedroom 4, Bathroom 4, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 6, Bedroom 2, Bathroom 2
Patio and Porch features Patio
Pets allowed Yes
Exterior features Fence, Patio
Fencing Fenced
Subdivision CAPE CORAL
Lot features Oversized Lot
Directions From Cape Coral Pkwy E (head West)? turn left (south) onto SW 13th Ave: street becomes SW 48th Ter. Property is on the right.
Standard status Active
APN 15-45-23-C1-04529.0540
Lot size 0.25 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description CAPE CORAL UNIT 64 BLK 4529 PB 21 PG 95 LOTS 54 + 55 VAC ALLEY OR 2920 PG 3056
Tax Annual Amount 7207
Legal Description CAPE CORAL UNIT 64 BLK 4529 PB 21 PG 95 LOTS 54 + 55 VAC ALLEY OR 2920 PG 3056

Utilities

Sewer type Public Sewer
Heating system Central, Electric (Heating)
Cooling system Electric, Central Air, Ceiling Fan(s)
Water source Public

Amenities

gated entry
granite countertops
screened lanai
in-unit laundry
fenced yard

Building Details

Year built 1994
Number of units 2
Flooring type Tile, Carpet, Laminate
Building materials Block, Concrete, Stucco
Roof type Shingle
Architectural style Other
Listing Agency: Century 21 Selling Paradise
Listed By: Michelle Distefano · License #252013314
Added: Jul 19 Changed: Sep 4 Last Checked: Sep 7 at 2:06PM
MLS# 2026030815

Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1994 duplex includes two residences, each configured with three bedrooms, two bathrooms, an oversized two-car garage, and a private gated side entrance. Both units feature open living, dining, and kitchen areas with granite countertops, screened lanais, fenced yards, and interior laundry connections. Primary suites include walk-in closets and private bathrooms, while each residence also has two additional bedrooms and a guest bath.

The property occupies 0.248 acres with public water and public sewer, and the city water and sewer assessments are paid. Building improvements include new air-conditioning systems installed in 2025, along with electrical panels and a complete repipe completed in 2019. The Cape Coral address is near Chiquita Boulevard and Cape Coral Parkway, with Camelot Isles Shopping Plaza and Walgreens within walking distance and Cape Harbour a short distance away.

Key Highlights

  • Two‑unit duplex with 3 bedrooms and 2 bathrooms per side
  • Oversized 2‑car garage serving each residence
  • New A/C systems installed in 2025

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Daycare Center Auto Parts Store Barber Shop Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

640
Businesses Nearby

Demographics for 33914, FL

42,222
Population
22,936
Households
1.8
Avg Household Size
52
Median Age
28%
College-Educated
95%
High-School Grad
22.4 sq mi
ZIP Area
1,885
Density / Sq Mi
$75,557
Median Household Income
$41,672
Median Earnings
$1,714
Median Rent
$408,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Each residence offers an open layout, private entry, screened lanai, fenced yard, and dedicated laundry hookups.
Where is this duplex located?
The property is located at 1503-1505 SW 48th Terrace Cape Coral, FL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 2 bathrooms per side; Oversized 2‑car garage serving each residence; New A/C systems installed in 2025
More about this property
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